Interstate General Media
High-powered lawyers made their pitches on venue: Philadelphia, where the papers are based; or Delaware, where the company is incorporated.
In a two-week span, publisher Bob Hall fired editor Bill Marimow, two co-owners filed a lawsuit seeking to re-instate Marimow and fire Hall, and another owner filed a counter-suit.
Two of the Inquirer’s owners are suing its parent company and its publisher.
The Philadelphia Inquirer and Daily News have launched their own pay-to-read websites.
Teamsters leader John Laigaie says the vote was 169 to 4 because his members understand the realities of a newspaper business in decline.
The owner of the Inquirer, Daily News, and philly.com says it may liquidate operations if it doesn’t reach new contracts with its labor unions by next Friday.
The editor of the website for Philadelphia’s two main newspapers is leaving to work at the NBC affiliate in the nation’s capital.
Owners of the Philadelphia Inquirer and Daily News say they expect further concessions from the unions to cut costs.
A group of powerful business leaders announced Monday they have closed a deal to purchase Philadelphia’s two largest newspapers from hedge funds for approximately $55 million, a fraction of what investors paid for them in 2006.